A Study on Life Insurance Products for Long Term Financial Planning with References to Chennai City

2019 ◽  
Vol 50 (1) ◽  
pp. 48-57
Author(s):  
VENKATRAMA RAJU D ◽  
KAMARAJ S ◽  
KANNAN J
Keyword(s):  
Life Insurance ◽  
Financial Planning ◽  
Chennai City

STATE REGULATION OF THE FINANCIAL SERVICES MARKET IN UKRAINE

2018 ◽  
Vol 1 (11) ◽  
pp. 30-47
Author(s):  
Lyudmila Nikolayevna Akimova ◽  
Alla Vasilievna Lysachok
Keyword(s):  
Life Insurance ◽  
Financial Services ◽  
Credit Unions ◽  
State Regulation ◽  
The State ◽  
Existing Problems ◽  
Insurance Contracts ◽  
State Pension

The essence of such concepts is “financial service”, “financial ser- vices market”, and “participants of the financial services market”; determined the purpose of state regulation of the financial services market; forms of state regu- lation of the financial services market; financial services that are present in the financial services market; the structure of state regulation bodies of the financial services market in Ukraine is given; The role of state bodies in the regulation of the financial services market was studied; to characterize the regulatory le- gal regulation of the financial services market in Ukraine; the main problems of functioning of the domestic market of financial services are revealed; ways to solve existing problems. It is grounded that the state regulation of financial ser- vices markets consists in the state’s implementation of a set of measures aimed at regulating and overseeing financial services markets to protect the interests of financial services consumers and preventing crisis phenomena. It is concluded that the financial services market is an important element of the development of the economy as a whole, in particular, it concerns not only the state but also society. We must understand that when this market is settled, that is, all bodies that carry out state regulation are competent in their powers, only then will we make informed, effective decisions about the normal and effective functioning of the RFP. It is important that the data of the subjects of control do not overlap, their activities should be fixed at the legislative level. It is also worth bearing in mind that appropriate conditions must be created to create compensatory mecha- nisms in the financial services markets by developing a system for guarante- eing deposits and providing for payments under long-term life insurance contracts, non-state pension provisions, deposits with deposit accounts to credit unions, etс.

Representing Disasters and Long-term Recovery – Insights from Tamil Nadu

2021 ◽  
Author(s):  
Chandni Singh ◽  
Mark Tebboth ◽  
Jasmitha Arvind ◽  
Yashodara Udupa
Keyword(s):  
Tamil Nadu ◽  
Shape Recovery ◽  
South India ◽  
State Policies ◽  
Indian Ocean Tsunami ◽  
Recovery Processes ◽  
Disaster Impacts ◽  
Chennai City ◽  
Post Disaster

This study focuses on disaster impacts and recovery in Tamil Nadu, drawing on insights from Chennai city and Nagapattinam district. The research is part of a larger three-year project called “Recovery with Dignity”, which examines the experiences of recovery in post-disaster situations across three states in India – Odisha, Tamil Nadu, and Kerala – and explores how recovery processes represent vulnerable populations. In this report, we focus on three key disasters in Tamil Nadu: the 2004 Indian Ocean Tsunami, the 2015 South India flood, and the 2018 Cyclone Gaja. Through these events, we examine how the ways disasters and their losses are represented shape recovery outcomes. The study uses a range of data, from a review of state policies in Tamil Nadu (2005-2019), an analysis of media articles published in English and Tamil (2004-2019), to interviews with disaster-affected people and secondary stakeholders. The findings indicate that disaster responses and outcomes are highly differentiated based on how disaster-affected people and their needs and losses are represented. To enable inclusive recovery, it is necessary to recognising the heterogenous nature of disaster impacts and acknowledge different ideas of what recovery means.

scholarly journals Personal Finance Knowlegde and Practice: An Opinion Survey with Employed and Self-employed People in Pokhara

2012 ◽  
Vol 7 (1) ◽  
pp. 80-99
Author(s):  
Puspa Raj Sharma ◽  
Yub Raj Bohara
Keyword(s):  
Financial Literacy ◽  
Financial Planning ◽  
Sampling Method ◽  
Personal Finance ◽  
Financial Knowledge ◽  
Short Term ◽  
Business Studies ◽  
Personal Finances ◽  
Knowledge And Practice

The ability to manage personal finances has become increasingly important in today's world. People must plan for long - term investments for their retirement and children's education. They must also decide on short - term savings and borrowing for daily life like a down payment for a house, a car loan, and other big - ticket items. Additionally, they must manage their different risk and insurance needs. This is might be the first survey about 'Personal Financial Knowledge and Practice' survey was conducted in 2011 with employed and Self-Employed people in Pokhara, Nepal. The survey revealed encouraging findings about how Employed and Self-Employed people of Pokhara approach money matters. This Personal financial literacy modeling research has been attempted to measure the literacy of Personal Finance with respect to their financial knowledge of different financial instrument and their practice or investment decisions. This study is based on stratified random sampling method with the help of financial literacy related parameters. This study has the intention to explore the skills of financial literacy; hence the objective was to test the basic financial knowledge of key products that is common to current society. In general, both categories have fairly healthy attitudes towards basic money management, financial planning and investment matters. Minorities of respondents of both categories save, monitor their spending and are generally responsible in the use of credit. Most of the respondents recognize the importance of financial planning and have done some basic financial planning.The Journal of Nepalese Business Studies Vol. Vii, No. 1, 2010-2011Page : 80-99Uploaded date: July 8, 2012

The Long Term Crisis in Life Insurance

1966 ◽  
Vol 33 (4) ◽  
pp. 621
Author(s):  
Richard N. Farmer
Keyword(s):  
Life Insurance

A Note on the Asset-Specific Nature of Life Insurance Firms

1997 ◽  
Vol 8 (3) ◽  
pp. 167-176
Author(s):  
Mike Adams
Keyword(s):  
Life Insurance ◽  
Transaction Cost Economics ◽  
Insurance Industry ◽  
Asset Specificity ◽  
Specific Nature ◽  
Life Insurance Industry ◽  
Long Duration ◽  
Insurance Firms ◽  
Physical Assets

The concept of asset specificity is an important feature of the transaction-cost economics literature. This literature predicts that asset specificity – which embraces physical assets, specialist human capital and intangibles such as brands – fosters greater certainty in complicated transactions of long duration. The business of life insurance is a classical example of complex and long-term exchange between the owners and managers of the firm and its customers. This note thus examines the concept of asset specificity and considers its relevance to the life insurance industry. To stimulate further research four hypotheses are put forward.

Long-term individual financial planning under stochastic dominance constraints

2019 ◽  
Vol 292 (2) ◽  
pp. 973-1000 ◽  
Author(s):  
Giorgio Consigli ◽  
Vittorio Moriggia ◽  
Sebastiano Vitali
Keyword(s):  
Stochastic Dominance ◽  
Financial Planning

scholarly journals Optimizing Long-Term Bank Financial Products Portfolio Problems with a Multiobjective Evolutionary Approach

Complexity ◽  
2020 ◽  
Vol 2020 ◽  
pp. 1-18
Author(s):  
Jian Xiong ◽  
Chao Zhang ◽  
Gang Kou ◽  
Rui Wang ◽  
Hisao Ishibuchi ◽  
...  
Keyword(s):  
Portfolio Management ◽  
Financial Planning ◽  
Large Scale ◽  
Normal Families ◽  
Evolutionary Approach ◽  
Risk Averse ◽  
Decision Support Model ◽  
Financial Products ◽  
Conflicting Objectives

With the development of economy, the requirement of financial planning for individuals or families is emerging. In the era of the Internet, individual investors can conveniently enter the market and purchase financial products. Traditional portfolio management models focus on risky markets such as stock markets. However, risk-averse investors, such as normal families, may concern appropriate long-term financial planning. This paper considers the problem of portfolio management of bank financial products with a long-term planning horizon. By taking into account the final return and the flexibility, a multiobjective model of long-term portfolio is proposed. A multiobjective evolutionary approach is employed for the handling of conflicting objectives. Test instances are generated to illustrate the problem. Experiment results show that the presented algorithm can efficiently find trade-off solutions. Our experimental results also show that crossover probabilities should be separately implemented for long-term portfolio problems with hybrid encoding. Performance comparison of different crossover operators suggest that, for a real-valued encoding part, the simulated binary crossover (SBX) has a better performance than BLX- operator. While for a binary encoding part, a uniform crossover operator might be appropriate for large-scale instances. The proposed multiobjective model in this paper provides risk-averse investors with an appropriate decision support model for the long-term financial planning and management.

scholarly journals MEASURING THE CUSTOMER PERCEIVED SERVICE QUALITY FOR LIFE INSURANCE SERVICES: AN EMPIRICAL INVESTIGATION

2010 ◽  
Vol 3 (3) ◽  
pp. 171 ◽  
Author(s):  
Masood H Siddiqui ◽  
Tripti Ghosh Sharma
Keyword(s):  
Customer Satisfaction ◽  
Service Quality ◽  
Life Insurance ◽  
Financial Planning ◽  
Financial Services ◽  
Corporate Image ◽  
Insurance Companies ◽  
Perceived Service Quality ◽  
Insurance Sector ◽  
Effective Strategies

Liberalization of the financial services sector has led to insurance companies functioning increasingly under competitive pressures; so companies are consequently directing their strategies towards increasing customer satisfaction and loyalty through improved service quality. The present study strives to develop a valid and reliable instrument to measure customer perceived service quality in life-insurance sector. The resulting validated instrument comprised of six dimensions: assurance, personalized financial planning, competence, corporate image, tangibles and technology. Further the results of analytical hierarchy process highlighted the priority areas of service instrument with assurance is the best predictor, followed by competence and personalized financial planning. The gap scores show that there is ample room for improvement in all the aspects related to service quality. These results would help the service managers to efficiently allocate attention and resources among these dimensions on the differential basis, consistent with the customer priorities. These findings can be transformed into effective strategies and actions for achieving competitive advantage through customer satisfaction and retention.

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